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Freight forwarding index holds just above 50 despite second consecutive decline [17/May/2013]
The Stifel Logistics Confidence Index continued its downward trend in May as it fell for the second consecutive month. Compiled by Transport Intelligence, the overall index, which combines the current situation with future expectations, was down 0.8 points from April to 50.7 in May and was 1.3 points lower compared with the same month in 2012. Read Full Article...
Slight improvements in the freight forwarding market [16/May/2013]
As noted from first quarterly earnings reports, there was a slight improvement in the freight forwarding market. Overall, the airfreight market continues to plague freight forwarders as shifts to ocean freight services continue. Read Full Article...
DP-DHL reports modest gains, operating profit up 2.9% in Q1 [15/May/2013]
Deutsche Post DHL continues to announce improvements in its financial performance with moderate increases in revenue and profits across much of its business in the first quarter, despite less than inspiring market conditions. Read Full Article...
CEVA condemns ‘outrageous’ distress rumours [03/May/2013]
Rumours about CEVA’s distress over the past few months were condemned by CEO Marvin Schlanger as “outrageous, irresponsible and frankly offensive” in an interview with Transport Intelligence on Friday (3/5). Read Full Article...
DSV suffers in flat market [01/May/2013]
DSV attributed its disappointing marginal year-on-year increase in first quarter revenue to "stagnating or falling freight volumes". The company also experienced a sharp fall of 8.8% in earnings before interest and tax (EBIT). Read Full Article...
Busy first quarter for UPS as it reports a respectable increase in revenue [26/Apr/2013]
There’s quite a bit of activity going on at UPS. During the first quarter, the company dropped its bid for TNT Express, bought out its Vietnamese joint venture to become the first global express company in Vietnam to be 100% wholly-owned and bought a European medical logistics company - Cemelog. Read Full Article...
Danske Bank Index suggests marginal increase in volumes for European forwarders [24/Apr/2013]
European forwarders saw a marginal increase in volumes in March, according to Danske Bank’s Freight Forwarding Index for March. The index registered 52 for the month, up from 47 in February. Read Full Article...
Forwarders' volumes continue to fall below expectations [19/Apr/2013]
Following five consecutive monthly increases, the overall Stifel Logistics Confidence Index fell 1.0 index points to 51.5 in April. Despite the decline, the index remained above the significant 50 mark, denoting expansion, for the third consecutive month. Read Full Article...
2012 was a remarkably bad year for world trade [17/Apr/2013]
In 2012, world trade grew by just 2%, far below the average figure of 6% for the last twenty years, according to a report from the World Trade Organisation published last week. Read Full Article...
Kuehne + Nagel continues to make progress in a tough market [15/Apr/2013]
Kuehne + Nagel has announced a moderately strong set of results for the first quarter 2013, with mild advances in both profitability and revenue in most of its core businesses. Read Full Article...
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